Solaxy ($SOLX) shows no signs of slowing down. The presale has now surged past $36.1 million, with $600,000 in fresh capital added over the past 24 hours.
This comes as Solana ($SOL) cools after its push toward the $200 mark – a run fueled largely by explosive meme coin activity. The meme coin sector recently topped $72 billion in market cap, with Solana-based tokens accounting for over $15 billion of that total.
But not everyone’s convinced. Crypto banking giant Sygnum recently expressed doubt about Solana’s long-term potential, pointing to its heavy reliance on meme coins as a red flag.
While those tokens generate massive volume, their speculative nature makes them unreliable as long-term revenue anchors – a concern for traditional financial institutions.
And that’s where Solaxy comes in.
As Solana’s first-ever Layer-2, Solaxy was designed to address the chain’s most critical flaw: network dependability during high traffic. Once live, it could unlock the sectors Ethereum currently dominates – from DeFi to NFTs and tokenization – and help Solana finally scale without compromise.
That’s why investors are piling in. With over $1 million in new funding each week, Solaxy is shaping up to be one of the biggest projects of 2025.
For those just discovering it now, head to the Solaxy presale site to grab $SOLX at $0.001724 – but don’t wait. This round ends in under 10 hours, and the next price hike is already locked in.
Sygnum Isn’t Convinced – But VanEck and Others Are Going All-In on Solana
Sygnum isn’t sold on Solana just yet. The crypto banking group recently voiced skepticism about Solana’s ability to surpass Ethereum, citing its meme coin-heavy revenue stream as a structural weakness. That kind of volatility, they argue, makes it less appealing to TradFi.
Instead, Sygnum points to Ethereum’s clear edge: security, stability, and longevity – all vital for institutional adoption. From tokenization and stablecoins to DeFi, Ethereum remains dominant. It also continues to outpace Solana’s revenue by 2 to 2.5 times, giving it a strong lead in institutional trust.
But others see something different.
Major players are already doubling down on Solana. VanEck’s tokenized U.S. Treasury fund launched directly on Solana. DeFi Development Corp. (formerly Janover) just dropped $12 million into the ecosystem and acquired a validator with over 500,000 staked $SOL.
SOL Strategies is another publicly traded $SOL acquirer to watch. And let’s not forget the ETF filings from 21Shares, Bitwise, Canary Capital, and VanEck – all aiming to add Solana exposure.
So what are they seeing that Sygnum isn’t?
The answer may lie in Solaxy – the Layer-2 many believe is Solana’s missing piece. While an added scaling solution was once thought unnecessary, recent congestion and outages proven otherwise.
Solaxy is the upgrade that could finally give Solana the scalability and reliability needed to compete head-to-head with Ethereum in institutional-grade performance.
Why TradFi Might Bet Bigger on Solana – Thanks to Solaxy’s Infrastructure Boost
Solaxy unlocks more use cases for Solana – but it starts with one thing: dependability.
At its core, Solaxy runs alongside Solana, offloading excess traffic during periods of high network load. Transactions get processed off-chain, then pushed back to the base layer for finality – preserving speed and avoiding slowdowns.
Think of it as a second engine with the same horsepower- or more. Built for Solana-level throughput, Solaxy ensures uninterrupted performance, even during traffic spikes.
Right now, meme coins drive much of Solana’s revenue, but that alone won’t win over institutions. Solaxy brings the scalability and reliability that DeFi protocols, NFT platforms, and Web3 games need to build with confidence.
And that might be exactly what VanEck, DeFi Development Corp., and other TradFi players are betting on: not just meme-driven hype, but infrastructure-level resilience. And that infrastructure is Solaxy.
VanEck Predicts $SOL Will Reach $520 in 2025
Global investment firm VanEck – managing over $116 billion in assets – is so bullish on Solana that it projected $SOL could reach $520 this year.
With $SOL currently trading near $174, that would mean a 3x return for anyone buying in now.
Zooming out: back in 2020, Solana traded at just $0.50 – meaning early investors saw over 1,000x gains. A $1,000 position at the bottom would be worth more than $1 million today.
Of course, most people missed that kind of upside. But Solaxy, now in presale, could be this cycle’s equivalent – especially given its core role in scaling Solana from here.
At $0.001724, $SOLX offers infrastructure-level exposure at meme-level prices. And because it’s tied directly to network activity, its usage (and value) could grow in step with the Solana ecosystem.
For anyone watching where the next 100x infrastructure play might emerge, Solaxy is now on the radar.
How to Join the Solaxy Presale Before $SOLX Sells Out
The presale is now approaching $37 million, inching closer to fully selling out the remaining token allocation.
To join, visit the Solaxy website and connect your wallet.
Newly purchased $SOLX tokens can be staked immediately – earning a dynamic 120% APY that adjusts based on total pool size.
For a seamless experience, Best Wallet is the recommended option – giving users full visibility of pre-launch holdings and multichain access across Ethereum and Solana.
Join the Solaxy community on Telegram and X, and discover what many now consider Solana’s most important upgrade yet.
The post Meme Coins Riding Solana Too Hard? Solaxy Says Hold My $SOLX – First Layer-2 Just Blew Past $36M in Presale appeared first on Cryptonews.
